Cenvat Credit
This query is : Resolved
HARISH KAPOOR
(Querist)
18 March 2009
Head Office being registered as ISD (Input Service Distributor)not providing any output Service, having five factories and having Service Tax Registration as service provider.
Expenses incurred at HO on Security Expenses, Advertisemnt,R &D etc and service tax paid on it can be transferred by HO to its Factories for getting the Cenvat Credit as they(Factories) are providing the Output service.
please advise that even the Service Tax paid on security Charges can be passed on to Factories by ISD, Since Advertisement and R&D costs may be said to be common cost but the same treatment should also to be given to the service tax paid on Security Expenses of HO.
Please advice.
Expenses incurred at HO on Security Expenses, Advertisemnt,R &D etc and service tax paid on it can be transferred by HO to its Factories for getting the Cenvat Credit as they(Factories) are providing the Output service.
please advise that even the Service Tax paid on security Charges can be passed on to Factories by ISD, Since Advertisement and R&D costs may be said to be common cost but the same treatment should also to be given to the service tax paid on Security Expenses of HO.
Please advice.
Rajesh Kumar
(Expert)
18 March 2009
Credit can be passed on.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Employee secondment
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation error
- Applicability of tax on invoice
- Closer of business and itc of capital goods
- LLP audit and disclosure
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
